3 ms·

Hang in there, this is a long overdue correction. It's gonna over correct a bit, but then things should be better than before. The rhetoric of Trump being a dic

Hang in there, this is a long overdue correction. It's gonna over correct a bit, but then things should be better than before. The rhetoric of Trump being a dictator is way overblown. If this didn't happen we'd be heading toward bankruptcy around the time your kids grow up.

thefreeman 2y ago
right. because he did so much to reduce the deficit last time.
- bdangubic 2y ago
  yup, loves nothing more than to reduce the deficit /s people are tragically funny these days I swear
- phkahler 2y ago
  Because covid? Congress wanted to pass a covid relief bill sending $700B to corporations. Trump said to get the money to the people so they increased it to do so. Biden happily kept the budget way overblown even though covid was essentially over. Neither party has addressed the budget in decades. One wants to spend more and the other wants to cut taxes. Neither fixes anything.
  - kacesensitive 2y ago
    The deficit was increasing from 2017, long before covid.
  - johnnyanmac 2y ago
    so.. how does this make things better long term if you just said neither side fixes anything?
    - phkahler 2y ago
      So decreasing the increase of the problem is considered progress? No.
  - epakai 2y ago
    No, not because covid. Obama's second term decreased the amount of deficit added each year. Since then (excluding drop after 2020/2021) the amount has trended upward every year. I guess you could say less deficit was added during Trump's first term (excluding covid), than in Obama or Biden's first terms. Not sure that tells us anything useful though. There hasn't been an actual deficit decrease since 2001 though. https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/#us-deficit-by-year https://fiscaldata.treasury.gov/americas-finance-guide/natio...
_DeadFred_ 2y ago
Considering the Republicans are the ones that weaponized debt in the 1980s with their policy to 'starve the beast' I don't see how Republicans are going to fix it. Unless you mean 'fix it' by shutting down those part of the government that they targeted in the 1980s?
kristjansson 2y ago
How did the deficit trend 2017-2019?
- phkahler 2y ago
  And 2020-2024? That extra trillion was supposed to be a one time covid measure, not the new pork.
kacesensitive 2y ago
Ah yes the deficit which Republicans are famous for increasing will be fixed by... Trump? Ok. https://miro.medium.com/v2/format:webp/0*-1b-D-2GuuH2_h_w https://miro.medium.com/v2/format:webp/0*-1b-D-2GuuH2_h_w
johnnyanmac 2y ago
yes, he's just reassuring that we go bankrupt and have no kids by throwing half a trillion into AI. You complain about giving a trillion partially to people, and Trump is throwing all that, day one, into the richest corporations. May as well speed to the inevitably cyberpunk future. Shame I'm not getting that cool cyborg arm.
- ericd 2y ago
  If I understood correctly, that was private funding, and he was just taking credit for a business/private investment deal?

thefreeman 2y ago

right. because he did so much to reduce the deficit last time.

bdangubic 2y ago
yup, loves nothing more than to reduce the deficit /s people are tragically funny these days I swear
phkahler 2y ago
Because covid? Congress wanted to pass a covid relief bill sending $700B to corporations. Trump said to get the money to the people so they increased it to do so. Biden happily kept the budget way overblown even though covid was essentially over. Neither party has addressed the budget in decades. One wants to spend more and the other wants to cut taxes. Neither fixes anything.
- kacesensitive 2y ago
  The deficit was increasing from 2017, long before covid.
- johnnyanmac 2y ago
  so.. how does this make things better long term if you just said neither side fixes anything?
  - phkahler 2y ago
    So decreasing the increase of the problem is considered progress? No.
- epakai 2y ago
  No, not because covid. Obama's second term decreased the amount of deficit added each year. Since then (excluding drop after 2020/2021) the amount has trended upward every year. I guess you could say less deficit was added during Trump's first term (excluding covid), than in Obama or Biden's first terms. Not sure that tells us anything useful though. There hasn't been an actual deficit decrease since 2001 though. https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/#us-deficit-by-year https://fiscaldata.treasury.gov/americas-finance-guide/natio...

_DeadFred_ 2y ago

Considering the Republicans are the ones that weaponized debt in the 1980s with their policy to 'starve the beast' I don't see how Republicans are going to fix it. Unless you mean 'fix it' by shutting down those part of the government that they targeted in the 1980s?

kristjansson 2y ago

How did the deficit trend 2017-2019?

phkahler 2y ago
And 2020-2024? That extra trillion was supposed to be a one time covid measure, not the new pork.

kacesensitive 2y ago

Ah yes the deficit which Republicans are famous for increasing will be fixed by... Trump? Ok. https://miro.medium.com/v2/format:webp/0*-1b-D-2GuuH2_h_w https://miro.medium.com/v2/format:webp/0*-1b-D-2GuuH2_h_w

johnnyanmac 2y ago

yes, he's just reassuring that we go bankrupt and have no kids by throwing half a trillion into AI. You complain about giving a trillion partially to people, and Trump is throwing all that, day one, into the richest corporations. May as well speed to the inevitably cyberpunk future. Shame I'm not getting that cool cyborg arm.

ericd 2y ago
If I understood correctly, that was private funding, and he was just taking credit for a business/private investment deal?